UK: Northern Foods to buy out R & K Wise for £0.5m

A statement released today (10 October) has revealed that the cake business of UK food group Northern Foods will soon be expanded with the company's acquisition of the ambient and chilled cake supplier R & K Wise for £0.5m.The buyout of the privately owned company, which has a net book value of £1.6m, will also involve the assumption of £4m in debts. Wise principally supplies

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